First Republic Investment Management Inc. Cuts Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

First Republic Investment Management Inc. lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRVGet Rating) by 5.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,926 shares of the insurance provider’s stock after selling 7,551 shares during the period. First Republic Investment Management Inc. owned approximately 0.05% of Travelers Companies worth $19,445,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Voya Investment Management LLC increased its position in shares of Travelers Companies by 30.7% in the second quarter. Voya Investment Management LLC now owns 142,230 shares of the insurance provider’s stock worth $24,055,000 after acquiring an additional 33,383 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Travelers Companies by 1.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,040,422 shares of the insurance provider’s stock worth $175,967,000 after acquiring an additional 11,097 shares in the last quarter. Core Alternative Capital increased its position in shares of Travelers Companies by 24.8% in the second quarter. Core Alternative Capital now owns 418 shares of the insurance provider’s stock worth $71,000 after acquiring an additional 83 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Travelers Companies by 0.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 24,641 shares of the insurance provider’s stock worth $4,167,000 after acquiring an additional 225 shares in the last quarter. Finally, Virtus ETF Advisers LLC acquired a new stake in shares of Travelers Companies in the second quarter worth $722,000. Hedge funds and other institutional investors own 81.59% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the subject of several recent research reports. Royal Bank of Canada increased their price objective on shares of Travelers Companies from $165.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 20th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, November 19th. Citigroup raised their price target on shares of Travelers Companies from $179.00 to $181.00 and gave the company a “neutral” rating in a report on Thursday, October 20th. Raymond James raised their price target on shares of Travelers Companies from $185.00 to $200.00 and gave the company a “strong-buy” rating in a report on Thursday, October 20th. Finally, Evercore ISI raised shares of Travelers Companies from an “in-line” rating to an “outperform” rating and raised their price target for the company from $183.00 to $220.00 in a report on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $186.53.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $189.88, for a total value of $379,760.00. Following the transaction, the insider now directly owns 251,605 shares in the company, valued at approximately $47,774,757.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Vice Chairman William H. Heyman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $189.88, for a total value of $379,760.00. Following the transaction, the insider now directly owns 251,605 shares in the company, valued at approximately $47,774,757.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 14,000 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $183.61, for a total transaction of $2,570,540.00. Following the completion of the transaction, the insider now owns 251,605 shares in the company, valued at $46,197,194.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,969 shares of company stock worth $11,503,468. 1.07% of the stock is currently owned by insiders.

Travelers Companies Trading Up 3.7 %

NYSE TRV opened at $193.25 on Wednesday. The Travelers Companies, Inc. has a 12 month low of $149.65 and a 12 month high of $194.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $45.29 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 2.31 and a beta of 0.65. The company’s fifty day moving average price is $187.71 and its two-hundred day moving average price is $173.55.

Travelers Companies (NYSE:TRVGet Rating) last posted its quarterly earnings data on Tuesday, January 24th. The insurance provider reported $3.40 EPS for the quarter, meeting analysts’ consensus estimates of $3.40. Travelers Companies had a net margin of 9.26% and a return on equity of 14.31%. The firm had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.78 billion. During the same period in the prior year, the firm posted $5.20 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. As a group, research analysts predict that The Travelers Companies, Inc. will post 12.41 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.92%. Travelers Companies’s payout ratio is currently 27.19%.

Travelers Companies Company Profile

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The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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